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Trader Daniel Schlaepfer and his firm Select Vantage were alerted to possible market manipulation and flaws in the company's surveillance system, the court has heard mid-trial in the case alleging ASIC made defamatory remarks to the trading firm's major business partners.
Trader Daniel Schlaepfer and his firm Select Vantage are seeking over $10 million in damages from the Australian Securities and Investments Commission in a defamation action against the corporate regulator, a court heard Thursday on the fourth day of trial in the case.
The Australian Securities and Investments Commission made global trading firm Select Vantage "vanish overnight" from the Australian market using slanderous statements based on a lack of evidence, the NSW Supreme Court has heard.
The trial in a much anticipated shareholder class action against engineering firm WorleyParsons scheduled to commence this week has hit a roadblock, with a last minute change in the judge that will hear the matter.
The stakes will be high for the ACCC when the trial kicks off Monday in its case against Ramsay Health Care alleging the hospital giant misused its market power and engaged in exclusive dealing, after the competition regulator came up short in its last big misuse of market power case against pharmaceutical giant Pfizer.
The judge overseeing the marathon trial between agricultural giants Cargill and Viterra over the $420 million sale of malt producer Joe White has shot down objections to both parties' expert reports related to whether it was common industry practice to cheat customers by failing to comply with contract details and providing misleading malt test results.
Viterra can amend its defence mid-trial in its dispute with Cargill over the $420 sale of its Joe White malt business to argue it was standard industry practice to fudge test results relating to malt quality, provided it identifies which industry players engaged in the practice.
The judge overseeing a fraudulent concealment trial over Cargill's $420 million purchase of the Joe White malt business has reaffirmed an earlier ruling allowing an in-house counsel at Glencore to access documents related to the possible sale of Cargill's malting business.
Pacific National would not misuse its market power after taking control of an important rail terminal in Brisbane because that would be "irrational", the Federal Court heard Monday at the start of a two-week trial in the competition watchdog's case alleging the rail giant colluded with competitor Aurizon to become the dominant operator of key freight corridors.
A court has signed off on a $2.6 million settlement in a class action against Endeavour Energy and two other companies over the 2013 Mt Victoria bushfires that will leave class members empty-handed.